Zevenbergen Capital Investments LLC Sells 6,497 Shares of Quanta Services, Inc. $PWR

Zevenbergen Capital Investments LLC reduced its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 5.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,908 shares of the construction company’s stock after selling 6,497 shares during the quarter. Quanta Services makes up approximately 1.0% of Zevenbergen Capital Investments LLC’s investment portfolio, making the stock its 29th largest position. Zevenbergen Capital Investments LLC owned approximately 0.07% of Quanta Services worth $43,433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Rothschild Investment LLC boosted its position in Quanta Services by 2.8% in the 3rd quarter. Rothschild Investment LLC now owns 850 shares of the construction company’s stock valued at $352,000 after buying an additional 23 shares during the period. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Quanta Services by 0.5% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 4,750 shares of the construction company’s stock valued at $1,968,000 after acquiring an additional 23 shares in the last quarter. Wealth Alliance LLC boosted its holdings in shares of Quanta Services by 1.4% in the third quarter. Wealth Alliance LLC now owns 1,636 shares of the construction company’s stock valued at $678,000 after purchasing an additional 23 shares during the period. Petros Family Wealth LLC grew its stake in Quanta Services by 2.2% in the third quarter. Petros Family Wealth LLC now owns 1,101 shares of the construction company’s stock worth $456,000 after purchasing an additional 24 shares in the last quarter. Finally, Montag A & Associates Inc. grew its stake in Quanta Services by 15.2% in the third quarter. Montag A & Associates Inc. now owns 182 shares of the construction company’s stock worth $75,000 after purchasing an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

PWR stock opened at $533.49 on Tuesday. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $583.73. The firm has a market cap of $79.82 billion, a price-to-earnings ratio of 78.45, a PEG ratio of 2.50 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. The firm has a 50-day simple moving average of $531.40 and a two-hundred day simple moving average of $467.71.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, topping the consensus estimate of $3.02 by $0.14. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The firm had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.38 billion. During the same quarter in the previous year, the business posted $2.94 EPS. Quanta Services’s revenue was up 19.7% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, equities analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, April 2nd. Quanta Services’s payout ratio is currently 6.47%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PWR shares. Evercore reaffirmed an “outperform” rating and set a $604.00 target price on shares of Quanta Services in a research report on Friday, February 20th. Jefferies Financial Group lifted their price objective on Quanta Services from $506.00 to $634.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Stifel Nicolaus set a $647.00 target price on shares of Quanta Services in a report on Monday, February 23rd. Cantor Fitzgerald raised their target price on shares of Quanta Services from $520.00 to $630.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Finally, Argus upped their price target on shares of Quanta Services from $540.00 to $650.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Eighteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $589.86.

About Quanta Services

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.